Western governments, international institutions scaring off potential investors, claims MMA governor

“Western governments and international institutions not only keep on issuing public statements and reports on the Maldives, they would go whatever length it takes to portray the Maldives as not-so-sunny side of life to the potential investors,” Adam claimed in a speech delivered at the Berlin Economic Forum on November 9 – made public on Thursday (November 20).

The MMA governor’s criticism of the West has been echoed by President Abdulla Yameen and his cabinet who have this month accused the European Union of imposing trade restrictions on the Maldives following its refusal to “abandon” Islamic principles.

The central bank’s governor praised the Special Economic Zones (SEZs) Act introduced in August, which would “create new frontiers in developing the economy through diversification.”